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Ministry of Finance: Include VOCs in the scope of taxation!
On the morning of July 31st, at a press conference held by the State Council Information Office, Vice Minister of Finance Wang Dongwei stated that as China's economy shifts towards a high-quality development stage, the current local tax system is becoming increasingly prominent, with problems such as incomplete system, unreasonable structure, and inadequate allocation of tax power. Propose to study the merger of urban maintenance and construction tax, education surcharge, and local education surcharge into local surcharge, and authorize local governments to determine specific applicable tax rates within a certain range. Reform environmental protection tax and include volatile organic compounds (VOCs) in the scope of collection
The content related to the inclusion of VOCs in the scope of collection in the original text is as follows:
Firstly, expand local tax sources. Among the current large-scale tax categories, consumption tax belongs entirely to the central government and is mainly levied in the production and import links. Next, we will consider moving the consumption tax collection process backwards and steadily downgrading it to local governments. We will take into account factors such as the division of central and local revenue, tax collection and management capabilities, and implement it steadily by item and step, expanding local revenue sources and guiding local governments to improve the consumption environment. Research on merging urban maintenance and construction tax, education surcharge, and local education surcharge into local surtax, authorizing local governments to determine specific applicable tax rates within a certain range. Reform the environmental protection tax to include volatile organic compounds in the scope of collection.